Leased Solar Panels and Your Carmel, IN Home Sale

The trend to go green has many Carmel, IN homeowners installing solar panels on their roof in hopes of reducing their monthly electric bills and reducing their carbon footprint. The most recent trend in solar energy is to lease your panels from one of several companies that have popped up over the last few years. Nationwide, residential solar installations are booming — up by 50 percent per year since 2012, according to the Solar Energy Industries Association. More than 600,000 homes and businesses now have on-site solar, with the fastest growth rates occurring in Maryland, Massachusetts, and New York.

But, when it comes time to sell your Carmel, IN home will those leased panels boost or hamper your sale? Everybody is trying to go green so it should help, right? Think again. According to real estate industry experts those panels are more likely to hamper your sale and cause headaches at the negotiation table. Some would-be buyers balk at the idea of taking on the remaining lease and some worry that the lease negotiated wasn’t a good deal. If you have plans of selling your Carmel, IN home during the duration of your lease you should be aware of the potential complexities that may occur. When it does come time to sell, make sure to contact your solar panel leasing company well in advance to learn about transfer and buyout options. This will ensure you are prepared come negotiation time. The Washington Post has further information about leased solar panels and how it may affect your Carmel, IN home sale.